Sun, 26 February 2023
This week we look at: - Proposed regulations issued for retirement plan forfeitures
- OIRA completes review of crypto broker proposed regulations, expected to be issued shortly
- IRS extends relief for taxpayers impacted by disasters in California, Alabama and Georgia
- IRS issues final business electronic filing mandate regulations
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Sun, 19 February 2023
This week we look at - IRS announces program to accept upload of documents in response to some, but not all, notices to taxpayers
- SECURE 2.0 Section 603 drafting glitch puts catch-up contributions at risk for 2024 as various parties push to get a fix
- IRS will not automatically challenge §199A deduction for cannabis businesses-but W-2 wage problems may get in the way
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Sat, 11 February 2023
This week we look at: - IRS relents to pressure, releases guidance on state payment programs’ taxability (generally it’s good news)
- IRS begins offering direct deposit for Form 1040-X electronic filers - but it will still take a long time to process
- No substantive §174 guidance likely before initial tax deadlines (March & April)
- Form 4868 didn’t qualify as informal claim for refund
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Sun, 5 February 2023
This week we look at: - IRS revises classification of clean vehicles for purposes of determining vehicles subject to $80,000 MSRP limit
- Proposed revenue procedure published to establish new voluntary tip reporting procedure
- Taxpayer’s log of every mile of vehicle use had issues that prevented Tax Court from accepting it for meeting burden under IRC §274(d)
Direct download: 2023-02-06_Reconsidering_EV_SUVs.mp3
Category: general
-- posted at: 5:37pm EDT
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